Howmet Aerospace Board Approves Quarterly Dividends

Rhea-AI Summary

Howmet Aerospace (NYSE:HWM) announced a dividend of 2 cents per share on its Common Stock, payable on August 25, 2021 to shareholders of record as of August 6, 2021. Additionally, a dividend of 93.75 cents will be paid on its $3.75 Cumulative Preferred Stock on October 1, 2021 to holders of record at the close of business on September 10, 2021. This decision reflects the company's confidence in its financial stability and commitment to returning value to shareholders.

Positive

• Dividend of 2 cents per share on Common Stock enhances shareholder returns.
• Dividend of 93.75 cents on Cumulative Preferred Stock indicates strong cash flow.

Negative

• None.

The Board of Directors of Howmet Aerospace (NYSE:HWM) declared (a) a dividend of 2 cents per share on the outstanding Common Stock of the Company, to be paid on August 25, 2021, to the holders of record of the Common Stock at the close of business on August 6, 2021; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock (“Class A Stock”) of the Company, to be paid on October 1, 2021 to the holders of record of the Class A Stock at the close of business on September 10, 2021.

About Howmet Aerospace

Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,150 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. For more information, visit www.howmet.com. Follow: LinkedIn, Twitter, Instagram, Facebook, and YouTube.

Dissemination of Company Information

Howmet Aerospace intends to make future announcements regarding Company developments and financial performance through its website at www.howmet.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005779/en/

FAQ

What is the dividend amount for Howmet Aerospace (HWM) common stock?

Howmet Aerospace declared a dividend of 2 cents per share on its Common Stock.

When is the dividend payment date for Howmet Aerospace (HWM) common stock?

The dividend for Howmet Aerospace's Common Stock will be paid on August 25, 2021.

What is the dividend amount for Howmet Aerospace (HWM) cumulative preferred stock?

The dividend for the $3.75 Cumulative Preferred Stock is 93.75 cents per share.

When is the payment date for Howmet Aerospace (HWM) cumulative preferred stock dividend?

The payment date for the Cumulative Preferred Stock dividend is October 1, 2021.

Who will receive dividends from Howmet Aerospace (HWM)?

Dividends will be paid to shareholders on record as of August 6, 2021, for Common Stock and September 10, 2021, for Cumulative Preferred Stock.